Federal Reserve surveys bank loan rates amid wage freeze debate
The Federal Reserve mailed questionnaires to about 300 banks on Aug. 25 seeking rates on 13 loan types for weeks ending Aug. 14 and Aug. 28. Chairman Burns said sweeping rate limits are unnecessary but up-to-date data are needed, as Congress and labor critics argue unequal freezes deserve scrutiny. The president’s authority to control credit remains underused and separate from the wage-price order.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Nixon
Congress
Labor
Federal Reserve
Arthur F. Burns
Burns
Big Four Envoys Sign Berlin Pact
US Britain France and the Soviet Union signed a Berlin agreement in the Allied Control Council Building to ease East West access in West Berlin. The four ambassadors Kenneth Rush Sir Roger Jackling Jean Sauvagnargues and Pyotr Abrasimov led the 34th meeting begun March 26 1979 with East West German negotiators to follow for concrete improvements.
MENTIONED IN THIS ARTICLE
Berlin
United States
Britain
France
Soviet Union
Arwure Wr
Wusvy
Allied Control Council
West Berlin
Supreme Court
Kenneth Rush
Roger Jackling
Great Britain
Jean Sauvagnargues
West Germany
Pyotr Abrasimov
East Germany
Sauvagnargues
McDougall May Be Appointed To Head Superdome
W. W. McDougall, chief aide to Gov. John McKeithen, expected to be named head of the Louisiana Superdome at a meeting of the Domed Stadium Advisory Committee. Salary offered at 35000 dollars annually. The move would shift finances to McDougall, reducing powers of Executive Director Dave Dixon who earns 25000 dollars a year. bond proceeds to be handled by Herman Kohlmeyer Sr.
MENTIONED IN THIS ARTICLE
New Orleans
W. W. McDougall
John McKeithen
Louisiana Superdome
Thomas F. Donelon
Jefferson Parish
McDougall
Donelon
Stadium Commission
Dave Dixon
Dixon
Herman S. Kohlmeyer Sr
Labor Day Closure For Oua Chita Parish Library
All branches close Sunday and Monday in observance of Labor Day. Bookmobile and Trail Blazer van do not run Monday. Normal Saturday hours resume the week.
MENTIONED IN THIS ARTICLE
Ouachita Parish
Local Sailor on Leave From Orlando Heads to Memphis School
Mickey Smith of West Monroe on leave from Orlando Florida visits family before reporting to Naval Air Station Memphis Tennessee to attend aviation school with plans to return to duty after training.
MENTIONED IN THIS ARTICLE
Orlando
Fla
Mickey Smith
M. R. Smith
West Monroe
Smith
Naval Air Station
Memphis, Tenn
Rogers Says U S Viet Aid To Continue
Secretary of State William P. Rogers stated the Nixon administration will persist with aid to South Vietnam despite an uncontested presidential election. He noted South Vietnamese democracy in the recent House election and said Congress will be asked for more funds for Vietnamization while pursuing broader Mideast talks and European security efforts. He also mentioned plans to discuss Suez access with Gromyko at the UN.
MENTIONED IN THIS ARTICLE
Washington
William P. Rogers
Nixon
South Vietnam
Rogers
House of Representatives
Saigon
Nguyen van Thieu
United States
U.S
Congress
Berlin
Europe
Suez Canal
Andrei A. Gromyko
United Nations
River and Camden Flood Stages Shift
River stages bring changes at Camden Monroe with stage adjustments reported as 4.2 and 14.1 feet. Some sites record a fall at Camden while Monroe shows a rise amid ongoing flood conditions.
MENTIONED IN THIS ARTICLE
Camden
Monroe
Labor Day Traffic Congestion Seen
The three day Labor Day holiday brings heavy travel across the nation as families take final summer trips. State and local police report several accidents and injuries in 1970, with 78 hour counts starting 6 pm today and ending midnight Monday, urging motorists to drive safely and defensively.
MENTIONED IN THIS ARTICLE
United States
National Safety Council
Louisiana
Bruce Thompson
James C. Kelly Jr
Monroe
Johnny B. Mitchell
West Monroe
Twin Cities
Bailey Grant
Ouachita Parish
Solon Urges U S Focus on Heroin Cure Over Punishment
Rep Don Edwards after a worldwide tour says the United States lags in fighting heroin, citing Japan and Hong Kong results while praising Britain for clinics and medical treatment. He urges treating addiction as a medical issue and expanding detection of smuggling.
MENTIONED IN THIS ARTICLE
Washington
United States
Don Edwards
D-Calif
Japan
Hong Kong
Edwards
House
London
Thundershowers Return to Monroe Area Weather
Thundershowers are expected again in Monroe and surrounding areas with showers likely in the afternoons and evenings. Partly cloudy skies and little temperature change through Saturday with highs 86 to 90 and lows 68 to 72. Winds 5 to 15 mph. precipitation chance today 60 percent.
MENTIONED IN THIS ARTICLE
Monroe
Federal Aviation Agency
Monroe Municipal
U S Panel Hears Appeal On Remap
A federal appeals court panel in New Orleans heard Louisiana’s appeal of a court ordered reapportionment plan for the state House and Senate. The state argues single member districts split precincts and violate election laws while the NAACP defends the plan and the AFL-CIO helps with the appeal.
MENTIONED IN THIS ARTICLE
U.S
New Orleans
Louisiana
State House
Senate
Louisiana Aflclo
U.S. Dist
E. Gordon West
Baton Rouge
West
NAACP
Republican Party
AEC Orders New Environmental Review of 96 Atomic Plants
The Atomic Energy Commission will reexamine the environmental impact of 96 power plants with 33 potentially suspended during review. It follows a July court ruling that the commission failed to meet the National Environmental Policy Act requirements for federal actions.
MENTIONED IN THIS ARTICLE
Washington
Atomic Energy Commission
AEC
U.S. District Court
Commission
Byrd decries court rulings delaying education gains
Sen Robert C Byrd told a Houston audience that recent court rulings have put racial quotas ahead of educational improvement. He urged that equal funds per pupil be spent for black and white students under the equal protection clause to better advance black education and economic opportunity.
MENTIONED IN THIS ARTICLE
Houston
Senate
Robert C. Byrd
Byrd
Buckley Attacks Lindsay as Liberal Leader at NY Convention
Senator James L. Buckley charged New York Mayor John V. Lindsay with liberal excess and failure at a Young Americans for Freedom gathering in Houston. He criticized Nixon wage price controls and questioned the Red China trip, arguing the economy should self-correct and anti-Communist morale suffered.
MENTIONED IN THIS ARTICLE
New York
James L. Buckley
Young Americans For Freedom
Houston
Buckley
UPI
R-N.y
New York City
John V. Lindsay
Lindsay
Young Americans For Freedom National Convention
School Pay Ruling Clarification Warned for Today
The council planned a ruling to clarify teacher pay during the wage-price freeze. It aimed for consistency with other workers, while avoiding broad backdown, amid protests from teachers seeking exemptions and back pay rules dating from August.
MENTIONED IN THIS ARTICLE
Washington
Cost of Living Council
Council
U.S. Education
Sidney Mar
Jobless rate climbs in August despite more workers employed
The Labor Department reports total employment at a record near 80 million as the jobless rate rises from 5.8 to 6.1 percent amid a larger labor force. Women in part time roles drive the employment increase while men and teens drive unemployment up. Manufacturing and construction decline offset by small gains in trade and state local government.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Bureau of Labor Statistics
Nixon
Bureau
Armed Services
Chuckle Money Mocks Dollar Voice
A light humorous note suggests money talks but a dollar lacks a cent worth of speech today. The quip plays on dwindling value and verbal cleverness.
Also Mentioned on This Page
FRB
the Wall
East Berlin
Superdome
U. S. Viet
John Lindsay
Solon
John Minor Wisdom
Bryan Simpson
Jacksonville
James P. Coleman
Ackerman, Miss
5Th Circuit
Wisdom
Id Steimel
Public Affairs Research Council
Steimel
Legislature
Labor Group
Inside the News-Star
Abby
Lowman
Radio-Tv
WA Sports Isa
van Dellen
Sen
Sen. Buckley
Carled Lochinvar
Lochinvar
National Education Association
Treasury
Charles E. Walker
American Federation of Teachers
AFT
David Seldon
Auy
NEA
News-Star—World
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